Is the Xero Limited (ASX:XRO) share price back on the up?

The Xero Limited (ASX: XRO) share price is up 1.5% to $39.69 at the time of writing after a month of falls throughout October.

Cloud accounting and business services provider, Xero, has asserted itself as a quality business in the last year, promising sustainable growth and even overhauling its executive compensation structure for FY19 to underline its priorities.

This move could have something to do with the share price resurgence.

Executive pay packet cuts are unheard of for the likes of those at the helm of Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB) or Woolworths Group Ltd (ASX: WOW) so it’s certainly a progressive approach by Xero.

All eyes are on the emerging online accounting platform provider as subscriber numbers grow across the globe and demand for its offerings pick up.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth owns shares of Commonwealth Bank of Australia and National Australia Bank Limited. The Motley Fool Australia owns shares of National Australia Bank Limited and Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.